Lear Corporation (LEA)

Debt-to-equity ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	2,464,500	2,600,000	2,868,600	2,633,300	2,293,700
Total stockholders’ equity	US$ in thousands	4,918,800	4,678,800	4,643,400	4,467,300	4,349,700
Debt-to-equity ratio		0.50	0.56	0.62	0.59	0.53

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,464,500K ÷ $4,918,800K
= 0.50

The debt-to-equity ratio of Lear Corp. has been relatively stable over the past five years, ranging between 0.52 and 0.56. This indicates that the company has been maintaining a consistent mix of debt and equity in its capital structure during this period. A ratio of 0.56 as of December 31, 2023, suggests that for every dollar of equity, Lear Corp. has 56 cents of debt. The company's debt levels do not seem to have significantly increased or decreased compared to the previous years, reflecting a balanced approach to financing operations. Overall, the consistent debt-to-equity ratio indicates a steady financial position and a prudent approach towards leveraging for Lear Corp.